ECX

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ECARX Holdings Inc.

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Key Metrics

Previous Close: $1.12
52-Week Range: $0.88 – $2.70
Market Cap: $436.22M
P/E (TTM): —
EPS (TTM): -0.06
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: -0.44%
Gross Margin: 20.88%
Operating Margin: -2.75%
Profit Margin: -2.25%
Current Ratio: 0.72
Debt/Equity: —
Total Debt: $700.70M
Free Cash Flow: —
Revenue Growth: 47.50%
Earnings Growth: —
Enterprise Value: $924.77M

ECX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$516.28M	$662.23M	$771.53M	$847.86M
Cost of Revenue	$372.23M	$483.61M	$611.43M	$686.60M
Gross Profit	$144.06M	$178.62M	$160.10M	$161.26M
Research & Development	$193.18M	$177.68M	$174.86M	$123.34M
Selling, General & Admin	$189.90M	$131.72M	$108.19M	$93.84M
Operating Expenses	$374.47M	$307.72M	$280.26M	$211.24M
Operating Income	-$230.42M	-$129.11M	-$120.16M	-$49.97M
EBITDA	-$205.38M	-$115.59M	-$92.57M	-$19.53M
Pretax Income	-$228.73M	-$144.42M	-$137.54M	-$67.69M
Income Tax	$4.21M	-$525.00K	$210.00K	$1.24M
Net Income	-$226.71M	-$133.31M	-$129.76M	-$66.04M
Diluted EPS	-1.15	-0.39	-0.38	-0.39
Diluted Shares	239.30M	337.41M	336.64M	336.64M

ECX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$124.72M	$80.66M	$44.25M	$87.12M
Receivables	$336.18M	$279.42M	$246.72M	$265.26M
Inventory	$26.46M	$22.68M	$31.86M	$62.34M
Current Assets	$558.51M	$469.53M	$386.13M	$483.18M
Total Assets	$685.73M	$607.63M	$514.34M	$662.41M
Current Liabilities	$569.25M	$599.87M	$698.65M	$823.00M
Long-Term Debt	$63.76M	$64.29M	—	$65.87M
Total Debt	$228.74M	$255.11M	$291.37M	$455.34M
Total Liabilities	$690.72M	$724.95M	$752.05M	$945.88M
Retained Earnings	-$830.55M	-$941.04M	-$1.12B	-$1.19B
Shareholders' Equity	-$28.47M	-$129.59M	-$239.67M	-$282.66M
Working Capital	-$10.74M	-$130.34M	-$312.52M	-$339.83M
Net Debt	$89.55M	$154.32M	$224.81M	$347.54M

ECX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$66.87M	-$172.44M	-$59.98M	-$94.39M
Capital Expenditure	-$22.80M	-$8.88M	-$15.91M	-$12.17M
Free Cash Flow	-$89.66M	-$181.32M	-$75.89M	-$106.56M
Depreciation & Amortisation	$16.89M	$17.59M	$26.41M	$24.39M
Stock-Based Compensation	$105.18M	$24.87M	$19.06M	$13.34M
Investing Cash Flow	-$45.37M	$87.27M	-$8.12M	-$70.48M
Financing Cash Flow	$95.34M	$40.62M	$36.35M	$203.86M
Share Repurchases	$0.00	$0.00	-$3.00M	-$28.98M
Net Change in Cash	-$16.90M	-$44.56M	-$31.75M	$38.99M

ECX Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$167.70M	$154.99M	$219.90M	$304.66M	$131.50M
Cost of Revenue	$134.50M	$138.38M	$172.30M	$241.00M	$103.30M
Gross Profit	$33.20M	$16.62M	$47.60M	$63.66M	$28.20M
Research & Development	$34.50M	$33.75M	$25.90M	$29.14M	$23.50M
Selling, General & Admin	$23.40M	$24.19M	$18.40M	$28.64M	$17.70M
Operating Expenses	$57.90M	$53.89M	$44.30M	$51.84M	$41.20M
Operating Income	-$24.70M	-$37.28M	$3.30M	$11.83M	-$13.00M
EBITDA	-$22.20M	-$38.21M	$4.50M	$11.88M	-$200.00K
Pretax Income	-$26.90M	-$43.73M	$800.00K	$2.00M	-$9.90M
Income Tax	$300.00K	$1.80M	-$100.00K	-$756.00K	$1.10M
Net Income	-$26.00M	-$43.16M	$400.00K	$2.56M	-$10.60M
Diluted EPS	-0.08	-0.13	0.00	-0.02	-0.03
Diluted Shares	332.60M	341.77M	340.63M	333.82M	364.13M

ECX Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$115.59M	$86.22M	$44.30M	$87.12M	$61.00M
Receivables	$195.68M	$186.90M	$220.30M	$265.26M	$237.40M
Inventory	$38.70M	$34.98M	$71.40M	$62.34M	$101.00M
Current Assets	$450.69M	$385.79M	$397.10M	$483.18M	$527.80M
Total Assets	$583.81M	$494.94M	$507.40M	$662.41M	$720.90M
Current Liabilities	$754.80M	$733.02M	$738.60M	$823.00M	$818.70M
Long-Term Debt	—	—	$5.50M	$65.87M	$106.70M
Total Debt	$382.71M	$394.11M	$391.00M	$455.34M	$526.50M
Total Liabilities	$813.14M	$790.22M	$800.70M	$945.88M	$980.80M
Retained Earnings	-$1.07B	-$1.19B	-$1.19B	-$1.19B	-$1.20B
Shareholders' Equity	-$230.16M	-$293.71M	-$292.20M	-$282.66M	-$258.70M
Working Capital	-$304.11M	-$347.23M	-$341.50M	-$339.83M	-$290.90M
Net Debt	$245.09M	$286.02M	$326.90M	$347.54M	$445.40M

Market Snapshot

About

ECARX Holdings Inc. is a Chinese automotive technology company that develops computing platforms, software solutions, and central computing units for smart electric vehicles. The company provides integrated hardware and software systems that power advanced driver assistance, infotainment, and connected car features for automotive manufacturers. ECARX partners with major automakers including Geely, Volvo, and other global brands to deliver next-generation vehicle intelligence platforms. Founded in 2016 and headquartered in Hangzhou, China, the company went public through a SPAC merger in 2023.